Hallenstein Glasson says FY profit edges up as Glassons maintains sales growth

Hallenstein Glasson says FY profit edges up as Glassons maintains sales growth
Paul McBeth
By Paul McBeth Aug. 12 (BusinessDesk) - Hallenstein Glasson Holdings said annual profit rose about 2 percent as its womenswear chain maintained sales momentum on both sides of the Tasman but its menswear stores struggled.  The company said net profit was $27.7-28.2 million in the 12 months ended Aug. 1, with sales up 3.3 percent at $286.7 million. Last week, the retailer said it will also book a $1.1 million gain on the sale of a downtown Wellington property.  "Sales growth was maintained throughout the second half of the year for both...

More Retail

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025
SPQR liquidators looking to sell trademark
Retail

SPQR liquidators looking to sell trademark

The well-known Ponsonby restaurant failed last July.

Oliver Lewis 04 Feb 2025
Woolworths names new NZ managing director
Retail

Woolworths names new NZ managing director

Sally Copland is crossing the Ditch to take over as managing director of Woolworths New Zealand. Copland has worked for the Australian-based grocery group for more than 18 years and has formerly held senior positions in NZ, including as interim managing director.In the announceme...

Staff reporters 04 Feb 2025
Briscoe FY sales ‘near flat’
Retail

Briscoe FY sales ‘near flat’

Rod Duke is anticipating a tough first half.

Gregor Thompson 04 Feb 2025